Bitcoin is back below the $40,000 level…NEXO is soaring for this reason!
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Answer Bitcoin is back below the $40,000 level…NEXO is soaring for this reason!
Bitcoin tried trading at the $40,000 level yesterday, but it quickly came to a halt as it is now trading below that level.
ApeCoin continued to hit another all-time high amid growing anticipation of the Otherside metaverse project, while Nexo soared in double digits after being listed on the world’s largest cryptocurrency exchange Binance.
Bitcoin stops at $40K:
The volatility in the cryptocurrency market has continued over the past 24 hours.
Yesterday, bitcoin experienced high volatility which started on April 25th when bitcoin challenged the $41,000 level but was violently rejected.
As a result, the price of the coin dropped over $3,000 in hours and the price of Bitcoin dropped below $38,000 for the first time since March 15.Read:ETH price surge to monthly high causes over $150 million to liquidate Ethereum positions
Bitcoin reacted somewhat positively to this drop in price and rebounded to just under $40K.
Then it went even further yesterday, and the price rose above the required level ($40 thousand).
But it was a short-lived adventure as Bitcoin fell below that level almost immediately.
As of press time, Bitcoin is worth $39,140, and its market capitalization is still around $750 billion.
ApeCoin and Nexo set records:
Altcoins have experienced similar price movements in the past few days, with many of them in the red on a weekly scale.
Ethereum was trading above $3000 last week but fell below $2900 a few days ago.
Binance Coin dropped below $400 and stood there from yesterday.
Amid the decline of most altcoins, ApeCoin managed to reach a new price high, while Nexo rose by double digits after announcing its listing on Binance.
The total market capitalization of cryptocurrencies has remained almost flat and currently stands near the $1.8 trillion level.Read:Crypto exchange Zipmex meets with the Securities Commission of Thailand to discuss its recovery plan
The digital currency STEPN (GMT) enters the list of the top 50 cryptocurrencies…Learn why its value is soaring!
For the second time and in two months … the “Deus Finance” project was hacked and cryptocurrencies worth more than $13 million were stolen
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